General: The sale of the six-plex building in Faro for the price of $400,000. The price includes complete
with all six units fully furnished including fridge, stoves, washer, dryer, microwave, kitchen table
couches, beds, utensils, towels, and linens. Three units are 4 bedroom, and the other three units are 3
bedrooms. Oil heat furnace is the primary heat for all units. New electrical services have been installed
in all units. Plugs lights and switches have upgraded to new Decora type. Other electrical work like GFI,
smoke detectors and other code upgrades have been also completed. Some plumbing upgrades have
also been done. All units have had new interior painting. All units have the main floor now finished in
laminate floor.
History : Originally our Electrical contracting company purchased the apartment to house our own
employees during project at Faro Mine remediation project as we had a substantial number of workers
working on multiple projects and wanting to stay in town as apposed to the Faro mine camp that
charges $340 per night per room. Employees preferred the freedom of the town living with amenities
and the option for socializing with locals and having the occasional alcoholic beverage.
Faro amenities: Faro has a number of amenities and services including Ice rink, swimming pool, golf
course, gym, recreation center, gas station, general store , pub restaurant, heath clinic, liquor store,
territory medical clinic , RCMP station
Potential vendor financing: May consider financing purchaser at 5% for five years. With a minimum
down payment of $100,000 and purchaser to finance balance of $300,000.
Mortgage Summary
Calculation Summary
Category Term Amortization Period
Number of Payments 60 60
Mortgage Payment $5,654.32 $5,654.32